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The Elasticity of Substitution and the Savings Ratio in the Neoclassical Theory of Growth

C. E. Ferguson

The Quarterly Journal of Economics · 1965 · Volume 79 · Issue 3

DOI: 10.2307/1882709

Abstract

I. Introduction, 465. — II. A neoclassical model of growth, 465. — III. The variable natural rate of growth, 466. — IV. Analysis of the variable path, 468. — V. Conclusion, 471.

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